I think the benefits far out weight the down side..the amount of deals I get yearly from fellow agents that know I am in the bizz far out weight any negative.

It's just like any other part of the property - if tenants don't actually break it, it goes under "routine upkeep."2.

Here are the details you are asking for-By shame on me I mean with a little more digging I would have seen more red flags in the borrower rather than being more weighted in analyzing the value of the property and  LTV ratio.  

A good real estate attorney will be worth their weight in gold here.

I had 3 full size dumpster loads of trash on this house, with 2 of them being $150~ over weight limit.

After spending money fixing up a property, I obviously want to make sure the tenants occupying it are not damaging or tearing anything up....whether accidentally or deliberately......or worse still, using my property as a front for some shady illegal activity    (take your pick on that one....the illegal activity that is).I also want to make sure I am on top of the stuff that will break down due to normal wear and tear and stuff that needs regular maintenance.I also want to make sure the tenants are doing their part in up keeping the property as necessary....mowing lawns, shoveling snow from sidewalks and generally maintaining a reasonably clean interior and exterior for their own good and mine.If and when the tenants do tear something up, or something breaks down due to no fault of their own, unless it adversely affects their daily routine, I would think that they most likely would not report it.

I would imagine things could get difficult with four opinions of equal weight.

More weight should be given to other factors, such as rental history, income history, legal history.

. - when doing your finances plan for housekeeping, rental management fees, upkeep, supplies and off (and on!)

A HML or single equity partner is also going to be a big fish with a lot of weight on your project.